Zynex reports Q4 EPS 4c, consensus 17c

Reports Q4 revenue $47.3M, consensus $54.53M. “2023 was a year of continued execution for Zynex, underscored by record revenues and order numbers, and exciting new products and technological innovation,” said Thomas Sandgaard, President and CEO of Zynex. “A strong cadence of increasing sales and profitable growth for our pain management division delivered a 43% improvement in orders year-over-year. Our continued profitability and record positive cash flow allowed us to announce an additional $20 million share repurchase plan in the fourth quarter which is almost complete as of today. Our Board of Directors has approved an additional $20 million share repurchase plan which will commence on March 4, 2024, and terminate on the earlier of March 4, 2025, or when the $20 million limit is reached. We have repurchased $65 million of our common stock and reduced our outstanding common shares by over seven million during the last twenty-four months.”